DEN Networks Running in Loss

In the fiscal first quarter, DEN Networks, the cable TV and broadband service provider in India, has had a net loss with a rise of 35% in content cost and a revenue of 22.2%.

The net loss for the first quarter of the fiscal year, as reported by multi-system operator, is equal to 573.1 million INR (8.55 million USD) compared to the net loss of last year which was 507.5 million INR (7.57 million USD). The cost for content has increased from last year’s 1.07 billion INR (20 million USD) to 794.7 million INR (11.86 million USD).

Operations’ income elevated from 2.39 billion INR (40 million USD) in the quarter ending 30 June while last year’s income was 1.97 billion INR (30 million USD). The total expenditure for the first quarter was 2.84 billion INR (42.4 million USD) while last year’s was 2.53 billion INR (37.8 million USD).

DEN’s loss before finance cost and tax from the cable TV segment narrowed 311.9 million INR (4.65 million USD) in Q1 compared to a year ago where the amount was 372.9 million (5.56 million USD) revenue amounted from 1.92 billion INR (28.7 million USD) to 2.21 billion INR (32.9 million USD).

Concerning the broadband service, Den’s loss before finance cost and tax from the broadband segment declined from 192.4 million INR (2.87 million USD) to 142.6 million INR (2.13 million USD) compared to last year’s Q1.

The revenue grew from 50.2 million INR (0.75 million USD) to 177.9 million INR (2.65 million USD).

Related posts